Power Drill Market: Industry Outlook, Growth Prospects and Key Opportunities

Business

Power Drill Market: Introduction

Power drill, primarily used for making round holes, are widely utilized in commercial and residential sectors. Power drills are developed with advanced technologies to provide work efficiency and perform tasks with minimum errors. Power drills simplify and reduce work burden and minimize the chances of human errors and injury. Increased innovation, growth of smart technologies, coupled with development of low-cost, energy efficient power tools is expected to boost the sale of power drills in the near future.

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Power Drill Market: Competitive Landscape

Hilti Corporation

Founded in 1941, Hilti Corporation is headquartered in Schaan, Liechtenstein. The company is specialized in designing, manufacturing, and marketing power tools for building maintenance, construction, energy, and manufacturing industries. It has employee strength of over 28,000 and has business operations in more than 120 countries.

Makita Corporation

Incorporated in 1915, Makita Corporation is based in Anjo, Aichi Prefecture, Japan. It is a power tools manufacturing company. The company has 10 operating plants in eight countries. It operates its factories in Japan, China, Germany, U.K., Brazil, Romania, Mexico, and the U.S.

Stanley Black & Decker, Inc.

Established in 1843, Stanley Black & Decker, Inc. is based in New Britain, Connecticut, the U.S. The company engages provides power tools, hand tools, and related accessories, products, services, and equipment for oil & gas and infrastructure applications, healthcare solutions, commercial electronic security and monitoring systems, and mechanical access solutions. It operates through the following three segments: tools and storage, industrial, and security. The company offers its products under brands Proto, Bostitch, Best, Stanley, MAC tools, Vidmar, FatMax, CRC-Evans, Facom, DeWALT, and Black & Decker.

Robert Bosch GmbH

Established in 1886, Robert Bosch GmbH is based in Gerlingen, Germany. It operates as an engineering and electronics company. The company’s business sectors include consumer goods, industrial technology, mobility solutions, and energy and building technology. Its product portfolio comprises power tools, accessories, security systems, heating systems, household appliances, eBike systems, and solar inverters. It also offers industry solutions, packaging technology, and business process management solutions.

Panasonic Corporation

Established in 1918, Panasonic Corporation is a leading producer of electronics and non-electronics services and products, and serves home appliances, semiconductors, and electronics industry. It is engaged in the research and development of appliances and solutions geared toward bettering the lives of end-users.

Some of the significant players in the power drill market are DeWalt, Techtronic Industries Company Limited, SKIL Power Tools, Konica Minolta, Inc., Hitachi, Ltd., and Jiangsu Dongcheng Power Tools Co., Ltd.

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